Sacco Chief Executive Officer at Co-operative Bank of Kenya

(REF: CEO/11/23)

Job Purpose

The job holder ensures to provide day-to-day leadership, management, and vision necessary to ensure efficient and effective implementation of SACCO’s strategic plan.
Gives guidance to the board of directors on various policy matters as well as manages the staff in a competent and business manner in order to achieve the SACCO’s objectives.

Job Type: Contract – Three (3) Years renewable based on performance

Duties & Responsibilities

• The job holder will be responsible to the board and overall management of SACCO activities as follows:
• To be responsible for the implementation of the SACCO’s strategic business plans.
• To be responsible for the implementation of and adherence to the policies, procedures, and standards.
• To be responsible for the SACCO’s investments and management of a balanced investment portfolio.
• To be responsible for the management, development & maintenance of a high-performance team by providing transformative leadership & effective supervision, guidance, and initiating training of staff and members under your jurisdiction.
• To be responsible for the Sacco’s financial & operational planning, forecasting, and budgeting and be able to conceptualize and explain variances.
• To be responsible for prudent management of costs so as to achieve business growth as outlined in the strategic plan.
• To be responsible for supporting the board’s decisions making preparation, analysis & presentation of comprehensive, timely, reliable, and compliant financial reports.
• To ensure effective implementation of financial, operational & accounting policies and procedures.
• To prepare weekly, monthly, and quarterly reports on the performance of the entire SACCO’s key result areas for the board and advise accordingly.
• To ensure compliance with all statutory and regulatory requirements of the SACCO & be able to propose changes to the board such as SACCO ACT, rules, by-laws, SASRA ACT, and Cooperative rules.
• To cause to develop and provide high-quality products and efficient services which are value-adding to members so as to enhance market share and revenue command of the SACCO.
• To provide support to the board of directors by organizing all board and sub-committee meetings, annual and special general meetings, and supervisory meetings as and when required.
• To build and develop a highly motivated team of employees through embedding performance development and coaching through identification of staff training needs and enshrine them in the training and education programs of the society.
• To develop and operate a financial services network of branches based on assessment from relevant officials – on quality member service, innovative savings, loan products, and introduction of new business opportunities.
• To promote the SACCO’s corporate image by portraying it to society in a professional manner at all times.
• To attend and participate in board meetings, seminars, and conferences at all levels to keep informed of the developments affecting the SACCO movement and business environment in general.
• To support the board of directors in developing a strategic plan upon which other SACCO plans will be hinged to drive the vision and mission of the SACCO business into the future.
• To implement, without delay, all recommendations from the government regulatory bodies, BOD, internal and external audit reports and consultants based on agreements arrived at with Board.
• To cause to ensure the correctness of books of accounts, receipts, and disbursements are well maintained.
• To ensure safe custody of all funds, documents, and property belonging to the SACCO and ensure their safekeeping.
• To keep minutes of all general meetings and meetings of the board of directors.
• To prepare, approve, authorize and sign all official correspondence of the SACCO.
• To be a signatory to SACCO Society cheques, contracts, and other documents as may be necessary.
• Head of the HR function and overall staff welfare as well as the implementation of the Staff Performance System (PMS).
• To perform such other duties as may be directed by the board of directors.

Impact of Results

• Effective and efficient overall planning, administration, coordination, and evaluation of all functions of the SACCO.

Qualifications & Experience

• Bachelor’s Degree in Business Development related field or its equivalent.
• A Master’s Degree will be an added advantage.
• Accounting certification CPA K/ACCA a must.
• A minimum of seven (7) years of working experience in a SACCO and/or financial institution, and 5 years of working experience at a senior management level.
• Computer literacy and knowledge of Navision ERP will be added advantages.
• Knowledge of the SACCO business model & other operational issues of the SACCO.
• Good analytical, communication, and writing skills.
• Excellent organization and interpersonal skills.
• Change agent – introducing and implementing institutional changes and installing organizational development programs in regard to SACCO matters.
• Must possess a high degree of integrity.
• Strategic thinking and result oriented.
• Track record of good management and development skills.
• Knowledge of financial accounting reporting.
• Ability to network with stakeholders.

General Requirements

• Planning & organizing
• Leadership
• Entrepreneurial awareness
• Decisiveness and adaptability

Successful applicant will be required to meet the requirements of Chapter 6 of the Constitution of Kenya by submitting the following documents:

• Police clearance certificate (Certificate of Good Conduct).
• Tax compliance certificate from the Kenya Revenue Authority (KRA).
• Clearance certificate from the Ethics and Anti-Corruption Commission (EACC).
• Clearance certificate from Credit Reference Bureau (CRB)